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Home loan or auto loan

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10 November 2011 suppose i have home loan of50 k for the 10 years , how i will get benefit for my income tax return, for how may years. interest paid on loan is consider if it is consider how will be treated
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Ravikant

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Ravikant (Expert)
10 November 2011 Interest Paid each year on home loan allowed as deduction under House property head, restricted to 150000/- per year.

Principal amount repaid each year allowed as deduction under 80C, restricted to 100000/- per year,

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